The following table shows the results of the operations of a laptop producer in 2020. Price per Unit of the Product
$800.00
Quantities Sold
10,000.00
Cost of Materials and Components Purchased
$3,600,000.00
Wages Paid to Workers
$450,000.00
$45,000.00
Interest Paid to the Bank
Rent Paid to the Property Owner
$40,000.00
This firm's value added in 2020 was
dollars. In other words, it contributed this
much to the U. S. GDP in 2020. How much factor income was generated in 2020 as a result of this
firm's economic activities?

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)